Question
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.9 million in long-term debt, $780,000 in the common stock account, and $6.45 million in
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.9 million in long-term debt, $780,000 in the common stock account, and $6.45 million in the additional paid-in surplus account. The 2009 balance sheet showed $4 million, $955,000, and $8.1 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $360,000. The company paid out $530,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $670,000, and the firm reduced its net working capital investment by $125,000, the firm's 2009 operating cash flow, or OCF? |
Multiple Choice, which one
$-1,490,000
$-3,640,000
$2,285,000
$-2,550,000
$-2,035,000
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